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Jun 8 , 2025

EthSwitch Moves Into New 12-Storey Headquarters in Casanchis

EthSwitch, the national payment switch, has acquired a 12-storey headquarters in Casanchis, near Bambis Supermarket and behind Enat Bank's head office on Guinea Conakry Street. The company had previou...

Jun 8 , 2025

Draft Income Tax Amendment Seeks to Expand Base, Enhance Revenue

A draft amendment for Income Tax Proclamation builds on last year's framework to boost revenue, broaden the tax base, refine incentives, and curb evasion. It proposes a simplified, income-based tax fo...

Jun 1 , 2025

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million...

May 31 , 2025

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilt...

May 31 , 2025

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to...

May 31 , 2025

Shared Power Bank Rental Service Launched

MyCharge Technology PLC officially launched its shared power bank rental service at the Hyatt Regency Hotel on May 30, 2025, under the theme Powering Digital Ethiopia. Founded by DDF Group, the com...

May 31 , 2025

Dodai to Rollout Battery Swapping Stations to Accelerate E-Mobility

Dodai, an electric bike manufacturer, has announced an expansion plan to revolutionise urban transportation through battery-swapping infrastructure and local electric motorcycle production. In an e...

May 31 , 2025

Off-Grid Solar Plants Light Up Afar and Gambella Communities

Ethiopian Electric Utility has commissioned two solar energy installations, collectively generating 400 kW of power, with the primary objective of delivering dependable electricity to remote and under...

May 31 , 2025

First E-Consultation Portal Launched for Draft Laws

Ministry of Innovation & Technology has launched an e-consultation portal, developed in collaboration with the Ministry of Justice and GIZ, the German development agency. The platform enables citi...

May 31 , 2025

Council of Ministers Approves Key Economic and Legislative Measures

The Council of Ministers has approved the 2018–2022 Medium-Term Macroeconomic and Fiscal Framework, which will guide next year's budget, focusing on strategic revenue generation and resource allocat...

May 24 , 2025

Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directiv...

May 24 , 2025

NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed...

May 24 , 2025

SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and ma...

May 24 , 2025

Digital Life Insurance Launch, Promising Expansion and 13,000 Jobs

Ethio-Life & General Insurance and Lumia Technologies have launched Lumina, Ethiopia's first fully digital life insurance platform. Leveraging the Fayda national ID for hassle-free mobile registra...

May 24 , 2025

Mojo Dry Port Poised to Boost Export Farmers with 50 Million Dollars Investment

Mojo Dry Port plans a 50 million dollars project expected to offer potential benefits for farmers producing avocados, flowers, and vegetables. Ethiopian State Minister of Finance Semereta Sewasew and...

May 24 , 2025

Parliament Passes Law Safeguarding Water Bodies

Parliament has passed a new law to safeguard water bodies, targeting industrial pollution and ecosystem degradation. The draft proclamation on the “definition, development, and maintenance of water...


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The Promise and Peril of AGI

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Prevention Starts Years Before the First Diagnosis

Agenda | Jun 21,2026

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

Editorial | Jun 20,2026

The Budget Bill Asks the Most from Citizens with the Least Slack


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The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial | Jun 20 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

AG MESERET MAKES AUDIT MISMATCH HARD TO DEFEND

Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE